It will be interesting is to watch what happens to our domestic economy when our balance of payments starts to shift dramatically.
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The wealth effect that Alan Greenspan worries about, as he is paid to worry about inflation, looms as a huge stabilizing force for our domestic economy.
One last piece of the puzzle, a substantial reduction in spending and tax benefits is likely to have a significant negative affect on our economy and Gross Domestic Product (GDP).
Our gross domestic product -- the sum total of all that our economy produces -- fell at the fastest rate in a quarter century.
As we celebrate National Travel and Tourism Week, the U.S. government is doubling down on its commitment to create more jobs for Americans by growing international and domestic travel and tourism that powers our economy.
One of our strongest foreign policies was to have a strong domestic economy.
Agriculture is the backbone of our economy and is the most important contributor of our overall gross domestic product.
And in terms of the debt ceiling, we also believe, as members and leaders of Congress of both parties have said, that it has to be raised because the effect of defaulting on our obligations as the United States of America would be calamitous to the domestic economy and to the global economy.
It is ironic that when our trade balance worsens, it has been a sign that the U.S. economy is stronger and foreign economies are weaker because growing domestic income stimulates our demand for imports while weaker foreign income growth lessens their appetite for U.S. goods and services.
We are still by far the largest economy in the world and this amount is less than 65% of our gross domestic product (GDP).
I've chosen to find it comforting - a reminder that the companies in the FTSE 100 only make about 20% of their sales in the UK. So our companies can do well from growth in other parts of the world, even when the domestic economy is flat.
But arithmetically, it's nowhere near enough to re-balance the economy, especially when domestic investment is still weak, and the income we earn from our investments abroad has fallen off a cliff.
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